What is the firm WACC

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Question - A firm has $30 million of common stock, $20 million of preferred stock, and $40 million of debt. The cost of equity is 8.5%, the cost of preferred stock is 9.5%, and the pretax cost of debt is 7%. If the firm's tax rate is 30%, what is the firm's WACC?

Reference no: EM132849064

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